ALMbank is an Ethereum based currency platform that will be the first ever barter backed labor pool; which focuses on startups, ICO’s, charitable works and dream projects. We will be able to fund otherwise un-fundable projects through the use of sweat equity and a meritocracy based project exposure system. You can think of it as a high end job market that will have a meaningful cultural impact on business models of the future.

We are creating a platform where people will be encouraged to do work for coins and spend coins, but mostly as a means for real world production, instead of as a purely trading based platform. This will create a sustainable demand for a currency, which can eventually be backed by dollars/silver, to the tune of thirty percent. Thereby creating a stable/sustainable, growth oriented micro-economy.

The ALMBank token pre-sale and crowdsale will help fund the development of the platform, it’s marketing and branding. ALMBank will be developed as state of the art labor exchange platform, ALMBank will use smart contract technology on the Ethereum blockchain to securely utilize deposited funds.

This is a good idea, but will be big challenge to pull off. As it is early stage too a lot will depend on how they do in their pre ICO and how they communicate their vision and goals. Good luck with it.